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You are in the Prices Paid - Buying & Leasing Experiences
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BMW 3 Series, Sedan, Wagon
#8420 of 12246 $x over invoice..
Dec 29, 2007 (5:27 pm)
OK, seems we have all the data for 'over invoice' price we should pay. But, my question is; what is the invoice price we are all comparing to? I recently bought a new Toyota Prius - wanted the gas mileage (50 miles per gal) - and I have a 1990 BMW 535i which is still in great shape. In that 'buying experience', there was always a question of the actual invoice price. My paperwork included a dealer holdback of $446 and something called Wholesale rebate for $223 - then there was an advertising fee - all to come up with the 'invioice price'. So, the total was what I would call invoice price was $X + 446 + $223. Is this how it's working with BMW's also? What is the base INVOICE price for a 325i. 2007 or 2008 - are we all using Edmunds to figure this price?
Dec 29, 2007 (7:39 pm)
So the lease on my parents' 2005 530iA was up the day before X-Mas. They ordered a 2008 328xiA with Sparkling Graphite Metallic Paint, Black Leather Interior, Park Distance Control, Premium Package, Cold Weather Package, Sirius Radio, & Automatic Transmission. They took delivery of the car today.
$1000 over invoice
36 month lease
18K Miles Per Year
$602 per month including 8% Tax rolled into the payment
Dec 29, 2007 (8:40 pm)
Wide World of Cars BMW in Spring Valley, NY. This is the 3rd car we've leased from them this year (my Dad's '07 X5 3.0si, My wife's '07 X3 3.0si, & my Mom's '08 328xi) in addition to my parents' 2 former BMWs ('04 x5 3.0i & '05 530i).
#8423 of 12246 Re: $x over invoice.. [scottc3]
Dec 29, 2007 (8:54 pm)
I used Edmunds as a guide to determine its invoice when I took delivery of my '08 328i yesterday. It is realy subjective because its a BMW and that it went back and forth to get to $500 over Edmunds invoice.
Realistically, it would be hard to get to the BASE INVOICE because one would look foolish trying to get to that number for BMWs (i.e. a little to cover the overhead for the dealership, the rubber floor mats, splash guards, wheel locks, that one would negoitate to seal the deal).
#8424 of 12246 Re: $x over invoice.. [scottc3]
Dec 30, 2007 (2:21 am)
The $205 I paid over invoice is "Edmunds Invoice".
If I included the advertising and service/training fees that the dealership tacked onto the "Dealership Invoice" price, then I paid $375 BELOW their invoice.
#8425 of 12246 2008 328i sedan folding back seat
Dec 30, 2007 (8:59 pm)
Does anyone know if the 2008 328i sedan's backseat folds down. The catalog indicated that it is standard, yet, I was unable to find the latch that allows it to fold down. Is it possible that the folding option is with the Cold Package and not as standard as indicated?
#8426 of 12246 Re: 2008 328i sedan folding back seat [ssanders1]
Dec 31, 2007 (6:02 am)
The fold-down rear seat is definitely NOT standard. As you speculated, it is part of the cold weather package (along with heated seats & headlamp washers), or can be added as a stand-alone option for $475 list.
#8427 of 12246 Looking for advice on 335i Coupe
Jan 01, 2008 (5:33 pm)
I am looking at getting a 2008 335i Coupe in Alpine White with black interior.
Options are: Steptronic, paddle shifters, comfort access, cold weather pkg, park distance control, premium pkg, sport pkg, nav system, satellite radio and the iPod adapter. MSRP is $51,295. I'm located on the central coast of Calif. I moved here about 6 months ago from upstate NY and the dealers are telling me that since I get bored with any vehicle after 2 years, that a lease would be better for me. Also in Calif, when you trade in a vehicle, you do not get the sales tax from the value of the trade applied towards the new car. So a lease sounds better in that regard. If I go with a lease, what would be the best deal I can get for the MF, etc.?
Also if anyone can suggest a good dealer near San Luis Obispo and up to 200 miles away, I would greatly appreciate it. Thank you
#8428 of 12246 Help with a 328xi 07 Wagon Deal?
Jan 01, 2008 (10:47 pm)
I'm down to the wire between a couple of cars, and the dealer here has one Barrique Red '07 328xi wagon. Only issue is seeing if my dog likes the back of it--it's much smaller than my current 04 XC70.
Options: Premium, STEP, Cold Weather, Xenon, Metallic
MSRP: 43275 (edmunds), Invoice (edmunds) 39860
Selling Price: 40597 +tax
36 Months Lease
MF: .0019 (incl. a .001 reduction to MF from BMW)
Price: $535.20 plus tax
This all expires tomorrow, so I'm going to be looking at it one last time after researching a car that I think is a great one, for sure. Hoping SIRIUS and iPod adapter can be added later...
#8429 of 12246 Re: Looking for advice on 335i Coupe [bobs05coupe]
Jan 01, 2008 (11:37 pm)
Read as much as you can on the Leasing forum:
Your information on leasing and taxes in Calif is accurate. The December base money factor, also called the "buy rate" for the 335i coupe is .00235. January rates may go up a bit, if rumors are to be believed. That would be the lowest you can expect to pay, except for the effect of refundable security deposits ("SD", equal to one month's lease payment, raised to the closest $50). (Before security deposits, be prepared for the payment on the car that you describe to be over $700 a month.)
First of all, if you are a new BMW customer, you'll have to pay one SD or they will bump up your MF by .00015. Then, you can pay up to seven additional SDs and each one will lower your MF by .00007. So you can lower your MF to .00186 with eight SDs, which adds up to about $5,600 that your dealer would hold throughout the lease, and then give back to you at the end of the lease. Each SD will probably lower your monthly payment by only $5 to $7, but that adds up.
Try not to put any money down, meaning no "customer cash or customer cap reduction". You should expect to pay one security deposit, first month's payment, DMV fee, an acquisition fee of between $625 and $825, and a few hundred in additional fees, most of which are dealer profit and somewhat negotiable. Some of these, such as the acquisition fee, are usually rolled into the lease, but you can pay them out of pocket.
I don't know about good dealers near SLO, but you are better off emailing a bunch of dealers through Edmunds. If you only work with your closest dealer, they'll have no motivation to cut you a good deal. You'll get responses from the internet managers at the dealers you email, at least from those that are interested in your business. Tell them that you're ready to lease with the dealer with the best offer, and tell them the amount you're willing to pay over invoice. I would get a list of dealers from BMWUSA.com and pick the ones that you'd be willing to drive to, even as far away as San Jose. You should be able to complete the deal via email and phone and only drive to the dealer once, to complete the deal.
Good luck, and post your leasing experience here for us.